Actionable: Buy Kotak Mahindra bank, Shobha Developers, Tata steel, Easy My Trip.

Insight Online News

From Advisory Desk : Vikash Sahay

14th September 2021

Market Outlook: Dow Jones ended higher by 260 points led by energy and commodity sectors. Asian markets too are trading higher by half a percent, with SGX Nifty up by 40 points. The positive for indian market would be the CPI inflation data which was at 5.3% in August and IIP up at 11.5% in July, better than street estimates. Yesterday, we saw a good pull back into broader market in the second half of the day, showing buying interest at lower levels.

Actionable: Buy Kotak Mahindra bank, Shobha Developers, Tata steel, Easy My Trip.

IPO listing: Ami organics and Vijay diagnostic centre shares to start trading in exchanges today.

Global market:
DOW:  +261
SGX NIFTY:  +40  (prev.close 17375)
NIFTY 50 : 17355
Sensex : 58177

Institution:
FII:                      +1419 Cr
DII:                      -560 Cr

NSE:
Advances: 1689 / Declines: 1586

Currency:
Dollar: $ 73.67
Dollar Index: 92.64

Commodity:
Gold: $1792  per ounce
Crude: $73.80  per barrel

Bonds:
10 year US bond rate: 1.33
10 year Indian Bond rate: 6.19

Derivative:
PCR: 0.91
VIX:  14.02

Updates:

Zee entertainment: Invesco, the largest shareholder in the company have called for EGM seeking removal of MD&CEO and recast of board members. Management change is a positive for the company.

Securities in BAN: CANBK, EXIDEIND, IBUHSGFIN, LICHSGFIN, NALCO.

Derivative View : VIX closed at 14.02. Max Put OI is at 17300 then 17200. Max Call OI is at 17500 then 17400. Option data suggests a trading range between 17200 to 17500.

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